Interest rate rise expected after UK inflation shock

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Interest rates are expected to be raised on Thursday after figures revealed inflation did not fall in May. …

“It’s only when companies feel nervous about the future that they will think ‘Well, maybe I won’t put through that price rise’, or workers, when they’re a little bit less confident about their job, think ‘Oh, I won’t push my boss for that higher pay,'” she told the BBC’s Today programme.

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